Weekend Analysis by Amateur-Investor.Net By: Amateur-Investor | September 15, 2018
The S&P 500 held support at its 20 Day MA (green line) this week as the VIX encountered resistance along its downward trend line once again.
One of these days the VIX will break above its downward trend line and will make an upward move back to around the 20 level which is the 23.6% Retracement Level.
Furthermore since the VIX and S&P 500 usually move in opposite directions a move up to the 20 level would probably lead a drop back to the bottom of the upward channel in he S&P 500 which is now around the 2840 area.
Finally the the longest Bull Market on record continues as it has been 3477 days since a 20% correction has occurred, in the S&P 500, based on daily closing values.
Longest Bull Markets (# of consecutive days without a 20% correction)
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